Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value of Yadhaval Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Adayar village under the Adayar SRO, classified as Residential Class I Type - I.

How the guideline value of Yadhaval Street has changed

In the 2007 revision, the guideline value was Rs 2,000 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw another rise to Rs 6,000 per sq.ft, followed by the current value of Rs 6,600 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village consists of 92 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in Adayar is Rs 6,100 per sq.ft, making Yadhaval Street's current value of Rs 6,600 per sq.ft above this median.

• Yadhaval 4th Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 1st Street: Rs 5,500 per sq.ft (2024)
• Yerikkarai Street: Rs 6,100 per sq.ft (2024)
• Vellaiyan Road: Rs 10,500 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhaval Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yadhaval Street?

The Sub Registrar Office that covers Yadhaval Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Adayar

The guideline value is a crucial factor during property registration in Adayar. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in transactions and helps prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Yadhaval Street?

The current guideline value of Yadhaval Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 230%.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, with Yadhaval Street's current value being above this median.

What are the stamp duty and registration fees for Yadhaval Street?

For a property valued at Rs 66,00,000, the stamp duty is Rs 4,62,000 and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.